Blockchain forensics expert has doubts over $75B ‘pig butchering’ report
Academics at the University of Texas claim to have traced over $75 billion of crypto flows linked to social engineering scams known as ‘pig butchering.’ However, blockchain forensics expert Taylor Monahan suspects that this figure is inflated by “a few orders of magnitude.” Metamask’s Monahan, a longstanding figure in the crypto community known for her recent painstaking on-chain tracing of the Lazarus Group, has specifically raised concerns over the study’s methodology. I keep getting sent this paper on Pig Butchering and, yes, I've read it numerous times now. The finer details and some of the tracing methodology within are…okay. But the big takeaways—and especially the $75.3 billion dollar number—are fully fucking absurd. pic.twitter.com/8klgC3B8bc — Tay (@tayvano_) March 11, 2024 Read more: North Korean group Lazarus behind $70M crypto exchange attacks, report Monahan s US pects that the authors have double-counted funds and misinterpreted some of the addres...